Adani Group's Rs 493 Crore Open Offer For NDTV

By Ankit Garg www.lifeactive.in

Gautam Adani’s conglomerate's open offer to acquire an additional 26 percent shareholding in the media firm NDTV

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The offer, for which a price band of Rs 294 per share has been fixed, will close on December 5

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India's capital markets regulator SEBI had last week approved the proposed Rs 492.81 crore-open offer

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The open offer was scheduled earlier to run from October 17-November 1.

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If fully subscribed, the open offer will amount to Rs 492.81 crore at a price of Rs 294 per share.

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NDTV's shares closed at Rs 382.20 on the BSE today, down 5 percent, hitting a lower circuit.

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Thanks for watching

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